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big rise on announcement?

  1. 07-FEB-2003 FRI 08:48 PEPTECH LIMITED FAX NO. 98898088 P, 01
    PEPTECH
    ABN 118 002 951 S77
    AUSTRALIAN STOCI( EXCHANGE
    Att Company Announcements Office
    FAX NUMBEk 1300 300 021 llllll~IYlllllllllllllalllil~lillllYIU
    PTD000350
    DATE: February 7,2003
    NUMBER OF PAGES: 2 (incl this page)
    FROM: Niall Henderson
    Peptech Limited
    Suite 2, Level 3, Building A, 11 Ta:l.avera Road
    North Ryde, NSW 2113, Australia Nor
    (Locked Bag 2053, North Ryde NSW 1670)
    Tel: +61(0)2 9870 8788 Fax: +61 ('0)2 9889 8088
    E-mail: [email protected],nwtacb.com
    Dear Sir
    Attached is an announcement for release to the market.
    Yours sincerely
    Niall Henderson
    Company Secretary
    07-FEB-2003 FRI 08:49 PEPTECH LIMITED . . -- .- . FAX NO. 98898088 P, 02
    ASX Announcement and Media Release
    Date: 7 February 2003
    UOMANTIS PRESS RELEASE ON GRANT OF PATENT
    Domantis Limited, the company in which Peptech will hold a 36.1 % intwest, made the following
    announcement yesterday in relation to the granting of a patent in the USA in pioneering protein selection
    technology.
    Patent
    "Domantis has Exclusive Rights to Pioneering Protein Selection Technology which Gains US
    Cambridge, UKand USA, 6 February, 2003... Domantis Limited, tho leading Domain Antibody (dAbJ
    drug discovery company, has strengthened its technologyposition for I'he selection ofantibodies and
    antibody fragments following the grant of US Patent Number 8,489,10,:3. Domantis has field-exclusive
    rights from the UKs Medical Research Council (MRCJ to thrs pioneerirlg emulsion technology, which
    offers significant advantages over existing methodologias.
    The emulsion technology enables users to extract specific genes which encode proteins with desirable
    activities from large pools of gene sequences. For the isolation of anti1:rodie.s this is traditionally achieved
    by animal immunization or by in vitro selection technologies such as pi$age display. Unlike phage
    selection, the new technique does not use bacteria or cells, or require repetitive and time-consuming
    laboratorytasks such as centrifugation and overnight culture. The emi.llsion technology has the potential
    to be automated for high throughput efficiency and maximum canvenienm.
    Domantis Chief Scientific Officer and CO-Founder /an Tomiinson said, 'This technology takes us one step
    closer to the ideal scenario of entering a chosen antibody target at on(!, end of a machine and retrieving a
    binding dAb at the other. The invention underlines the quality of the pioneering work undertaken at the
    Medical Research Council's Laboratory of Molecular Biology (MRC-LMBJ and Centre for Protein
    Engineering (MRC-CPEJ in Cambridge, UK, where the emulsion technology is being researched and
    developed. Should the work that Domantis is funding continue on track we plan to integrate the
    technology into our drug discovery efforts and commercialise it througlh licensing deals and development
    of automated antibody selection instrumentation.'
    The new technology is based on a water-in-oil emulsion which compslrtmentalises genes and their
    products into an entity which behaves like an arfificialceil. It was invmtad by DrsAndrew Griffiths and
    Dan Tawfik of the MRC-LMB, both of whom are consultants to Domantis. The grant of the US patent
    complements the corresponding UKpalent (UK-2342094) and an Awtralian patent (AU736836). which
    were granted in October 2002 and November 2001 respectively The patent family is managed by the
    MRC. Domantis has exclusive commercial rights to this intellectual pmperty for the fields of antibodies,
    antibody fragments and T mllreceptws. MRCretains rights to license outside of these fields.
    For further information please contact:
    STEPHEN KWlK
    MANAGING DIRECTOR
    PEPTECH LIMITED
    Ph (02) 9870 8788
    Dr PAUL SCHOBER
    INVESTOR RELATIONS
    PEPTECH LIMITED ~ -. . . -~ ~ . .
    Ph (02) 9870 8788

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